As of October 2024, Abu Dhabi emerged as the leading city in managing sovereign wealth fund capital, boasting $1.7 trillion. This capital is overseen by the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company (MIC), Abu Dhabi Developmental Holding Company (ADQ), and the Emirates Investment Authority (EIA).

According to Global SWF’s latest report, Abu Dhabi has surpassed Oslo, home to the world’s largest sovereign wealth fund, the Government Pension Fund (GPF), currently managing over $1.6 trillion in assets.

Following Abu Dhabi and Oslo, the cities of Beijing, Singapore, Riyadh, and Hong Kong rank next. These six cities collectively manage two-thirds of the global sovereign wealth fund capital, totaling $12.5 trillion in October.

“The world ranking confirms the concentration of sovereign wealth funds in a select number of cities, underscoring the significance of these financial hubs on the global stage,” stated Diego López, founder and managing director of Global SWF.

In the first three quarters of 2024, the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, and Abu Dhabi Developmental Holding Company (ADQ) invested $36 billion in global deals. This investment represents two-thirds of the total investments of GCC sovereign wealth funds and accounts for 26% of all investments worldwide.

Additionally, Global SWF estimates Abu Dhabi’s public capital at $2.3 trillion and projects it to grow to $3.4 trillion by 2030.